Recent content by 22Benjamin22

  1. 22Benjamin22

    LLC partners dispute

    About 111$ an hour* -- Edit.
  2. 22Benjamin22

    LLC partners dispute

    @Scalloway I'm currently preparing all documentations to help @The Resolver starting working on my case. While I'm in the process of preparing all info and all negotiation I wish to obtain, I realize that one of the biggest release would be to find an agreement about the salary my partner will...
  3. 22Benjamin22

    LLC partners dispute

    @Scalloway I understand your point and I appreciate the source. Maybe there is a way for me te resign some of my rights ? @Mr D Why do you keep saying this and ignore my example showing you why I think it's better for him ($ wise) to work owning 66.66% of a 300k$ company that owning 100% of a...
  4. 22Benjamin22

    LLC partners dispute

    @Mr D "The shares of a 2/3rds shareholder is not worth 2/3rds of the shares of a 100% shareholder. Quite a lot less" Would you please try to explain me this more in detail ? I tried to be as explicit as possible in my previous example and I don't see why your statement is true :)
  5. 22Benjamin22

    LLC partners dispute

    @Mr D Sorry my exemple was bad. 1) Let's say you plan on spending 200k$. You buy 100% of a company worth 200k$. Because you are good, you make 100k$ (50% of it's value) profit a year from this company (50k$ salary and 50k$ dividends). At the end of 3 years exploiting you sale your company for...
  6. 22Benjamin22

    LLC partners dispute

    @The Resolver thanks one more time for your valuable comment. "No he will not owe you monthly reports etc" Noted. Im surprised not to have any rights to see at least annual reports as a 25+% shareholder, but we will talk about that in our next call I suppose :) "Yes of course" That would be...
  7. 22Benjamin22

    LLC partners dispute

    @Mr D You want to invest 100k$ and want to work on that investment to make 5x your investment in the next 5 years. Here are these 2 scenario: 1) Company A is worth 100k$ (X) and is owned at 100% by one guy. You buy that company, work hard during 5 years making 200k$ (2X) of profit every year...
  8. 22Benjamin22

    LLC partners dispute

    @Mark T Jones Thanks for your reply. It's true that the resolver replied to the majority of my questions but feel free to tell us your way to see every points, it might lead to some interesting discussions. I don't really understand how having me as a total passive shareholder can be annoying...
  9. 22Benjamin22

    LLC partners dispute

    My partner and I are probably gonna try to find a way to draw a shareholder agreement. His wish is for me to become as passive as possible in the company. It's honestly going to be very hard to accept on my side (as I believe that without my advices, he is not taking enough good decisions), but...
  10. 22Benjamin22

    LLC partners dispute

    Thanks @KAC, just contacted him and asked him to remove my post #20
  11. 22Benjamin22

    LLC partners dispute

    @The Resolver Thanks again for this comments. Knowing that we talked to each other (my partner and I) yesterday and that we will try to find a way to arrange a shareholder agreement, I would like to ask you if you can be our mediator for this ? It's interesting that I told him I knew my rights...
  12. 22Benjamin22

    LLC partners dispute

    @Mr D Thanks, I will have a look @The Resolver Thanks a lot for the written advices and for the 40min (not 20) of free call. I will definitely work with you in the future (for writing shareholder agreement or for helping in the dispute resolution). Just confirming what I understood from your...
  13. 22Benjamin22

    LLC partners dispute

    Another Example where I feel this is not good: Graham Ross say in one of his video: "What if a shareholder claims he own the rights to a domain name or website used by the company ?" --> "If no agreement to transfert such intellectual property rights to the company, then they remain owned by...
  14. 22Benjamin22

    LLC partners dispute

    @Mr D That is exactly why I'm here for sir ;) I have no idea of what power we do respectively have //// But he told me he talked to his lawyer and that he had good confidence that he would be able to buying my shares if he really wanted to (not directly but using some smart strategy I suppose)...
  15. 22Benjamin22

    LLC partners dispute

    @Mr D I'm the minority shareholder. He his the majority shareholder. He find someone willing to buy 100% of our company at a "fair" price. Do I really have the right to avoid this transaction to take place ? It wouldn't be logical to me honestly... I imagine someone holding 2% of a company and...
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